Buy Buy Buy or Sell Sell Sell?

[ZeroVinsonN]

Backup fund is more of a generalized term that includes other funds such as emergency fund, reserved and others so you shouldn't be trying to separate them out to look like very different forms of fund, it's true that @Lembo69 should have been more specific on which backup fund he meant rather than use the general term but he still wasn't entirely wrong with what he said, so when we have an emergency fund ready it means we already have a form or backup fund ready but we can claim to have backup fund without necessarily have an emergency fund ready.

I disagree with you when you said that backup funds is more of a generalized term, just as the names implies backup, emergency even without anyone explaining this to you it is very obvious that this both funds does not sound the same emergency funds is supposed to serve for our financial safety and for other unforseen circumstances (accident) while backup funds is supposed to serve for our Bitcoin investment for example when a guy is attempting to increase his level of aggressiveness and it happens that he don't have enough discretionary income to buy as aggressive as he want he can quickly dip his hands in his backup funds to add up to enable him stack as much as he like.

However if an investor does not have enough cash flow or maybe his monthly income is not enough to build this two funds together he can only build up one of this fund in a way that it will be enough to serve for two purpose.

I think what you are trying to explain is reserved fund and not backup fund since reserve fund is what's used to sometimes buy bitcoin especially during dips when an investor wants to increase his holdings by buying bitcoin at a cheaper rate and yes reserve fund is a form of backup fund but so is emergency fund as well they are both part of the same system but serving slightly different functions although depending on availability one can serve the purpose of the other.
You are entitled to your opinion on the matter as I am entitled to mine and this is my opinion on the matter.

[Cossyblack]

just as the names implies backup, emergency even without anyone explaining this to you, it is very obvious that this both funds does not sound the same.

You're actually not correct. You're backup funds is the same as your Emergency funds. It is just a commonly used term to refer as an Emergency funds, the both terms sound differently but they literally means the same thing.

emergency funds is supposed to serve for our financial safety and for other unforseen circumstances (accident) while backup funds is supposed to serve for our Bitcoin investment

Like I have said, backup funds as it is called is the same as an Emergency funds. In that case, making it looks like a separate funds doesn't make any sense. The purpose of creating an Emergency funds  is to protect your Bitcoin investments from been tampered in the future. It is wrong when you tampered with your Emergency funds to do aggressive buying of Bitcoin. Emergency funds are saved for Emergency cases only, any other usage of it in regard to your bitcoin investment is Gambling.

[jems]

Backup fund is more of a generalized term that includes other funds such as emergency fund, reserved and others so you shouldn't be trying to separate them out to look like very different forms of fund, it's true that @Lembo69 should have been more specific on which backup fund he meant rather than use the general term but he still wasn't entirely wrong with what he said, so when we have an emergency fund ready it means we already have a form or backup fund ready but we can claim to have backup fund without necessarily have an emergency fund ready.

I disagree with you when you said that backup funds is more of a generalized term, just as the names implies backup, emergency even without anyone explaining this to you it is very obvious that this both funds does not sound the same emergency funds is supposed to serve for our financial safety and for other unforseen circumstances (accident) while backup funds is supposed to serve for our Bitcoin investment for example when a guy is attempting to increase his level of aggressiveness and it happens that he don't have enough discretionary income to buy as aggressive as he want he can quickly dip his hands in his backup funds to add up to enable him stack as much as he like.

However if an investor does not have enough cash flow or maybe his monthly income is not enough to build this two funds together he can only build up one of this fund in a way that it will be enough to serve for two purpose.

I think what you are trying to explain is reserved fund and not backup fund since reserve fund is what's used to sometimes buy bitcoin especially during dips when an investor wants to increase his holdings by buying bitcoin at a cheaper rate and yes reserve fund is a form of backup fund but so is emergency fund as well they are both part of the same system but serving slightly different functions although depending on availability one can serve the purpose of the other.
You are entitled to your opinion on the matter as I am entitled to mine and this is my opinion on the matter.

It all depends on the person to utilize it, there is nothing wrong with using emergency funds and also reserve funds even to invest in Bitcoin aggressively when the market price drops sharply, there are some people who also use emergency funds but it all comes back to the availability of funds, sometimes there are people who get a monthly salary and immediately divide their finances every month, for needs, for investment and also for emergency funds so I think that each person will use these funds according to their wishes and for all of us here it will definitely be different.

[As-Soon-As]

Backup fund is more of a generalized term that includes other funds such as emergency fund, reserved and others so you shouldn't be trying to separate them out to look like very different forms of fund, it's true that @Lembo69 should have been more specific on which backup fund he meant rather than use the general term but he still wasn't entirely wrong with what he said, so when we have an emergency fund ready it means we already have a form or backup fund ready but we can claim to have backup fund without necessarily have an emergency fund ready.

I disagree with you when you said that backup funds is more of a generalized term, just as the names implies backup, emergency even without anyone explaining this to you it is very obvious that this both funds does not sound the same emergency funds is supposed to serve for our financial safety and for other unforseen circumstances (accident) while backup funds is supposed to serve for our Bitcoin investment for example when a guy is attempting to increase his level of aggressiveness and it happens that he don't have enough discretionary income to buy as aggressive as he want he can quickly dip his hands in his backup funds to add up to enable him stack as much as he like.

However if an investor does not have enough cash flow or maybe his monthly income is not enough to build this two funds together he can only build up one of this fund in a way that it will be enough to serve for two purpose.

I think what you are trying to explain is reserved fund and not backup fund since reserve fund is what's used to sometimes buy bitcoin especially during dips when an investor wants to increase his holdings by buying bitcoin at a cheaper rate and yes reserve fund is a form of backup fund but so is emergency fund as well they are both part of the same system but serving slightly different functions although depending on availability one can serve the purpose of the other.
You are entitled to your opinion on the matter as I am entitled to mine and this is my opinion on the matter.

It all depends on the person to utilize it, there is nothing wrong with using emergency funds and also reserve funds even to invest in Bitcoin aggressively when the market price drops sharply, there are some people who also use emergency funds but it all comes back to the availability of funds, sometimes there are people who get a monthly salary and immediately divide their finances every month, for needs, for investment and also for emergency funds so I think that each person will use these funds according to their wishes and for all of us here it will definitely be different.

Everyone has their own strategy in Bitcoin investment, I believe the most that the only one with the most discretionary income and risk-taking ability is Bitcoin, if you invest in Bitcoin using the DCA method, you will definitely be successful. You can also buy aggressively in Bitcoin investment if your discretionary income is good, Bitcoin investment mainly depends on income. If you invest in Bitcoin according to the DCA method, it is easier to keep Bitcoin for a long time, if you invest in Bitcoin regularly, your portfolio will be much larger.
Normal investors should continue to invest in Bitcoin according to the DCA method until they deposit 1 Bitcoin.

[Merit.s]

It all depends on the person to utilize it, there is nothing wrong with using emergency funds and also reserve funds even to invest in Bitcoin aggressively when the market price drops sharply,

It looks like you don't understand what you are saying because the consequences and aftermath of your actions will put you into regret for a very long time. Your statement is misleading and can make new investors to use their emergency funds to buy bitcoin when there is a dip which is wrong.

Your emergency funds is a backup to your bitcoin investment. It shouldn't be tampered with until you are hit with real life emergency and not to buy bitcoin aggressively with during a drastic the dip. What if after you have bought bitcoin with your emergency funds and the price continues to dip. The next week, you are hit with real life emergency, you will use your bitcoin investment to solve that problem and sell at loss. That alone can make your quit from investing because of misplaced priority.

Your reserve funds is OK to use in buying bitcoin during the dip and don't exceed that limit no matter how dip the price is. It's good that we should not involve in any action that will lead to premature sell of your bitcoin during accumulation.

[Barikui1]

there is nothing wrong with using emergency funds and also reserve funds even to invest in Bitcoin aggressively when the market price drops sharply,

Am really disappointed seeing such a comment from you considering the time you have spent here, I did expect you to know better.

What's the essence of an emergency funds for the first place for you to be talking of investing with it?
Or don't you know that anything that makes you invest with your emergency funds, it's like you are gambling with your Bitcoin holdings, because if any emergency situation arise at that particular time, then tempering or selling off your Bitcoin holdings will be inevitable.
Our emergency funds should not be ever considered to invest with because it stands as the last layer of protection of our Bitcoin holdings, so investing with it is like shooting yourself in the foot.

[Frankolala]

You're actually not correct. You're backup funds is the same as your Emergency funds. It is just a commonly used term to refer as an Emergency funds, the both terms sound differently but they literally means the same thing.

Emergency funds is among on of the backup funds. We have three backup funds which are emergency funds, reserve funds and float.

Emergency funds is the backup funds to your bitcoin investment due to an unforeseen circumstances that can play out in the future during your bitcoin accumulation journey. It should be of at least three months of your monthly expenses and shouldn't be tampared with until there's a real life emergency.

Reserve funds is more flexible than emergency funds because it can serve for many purposes for example, buy bitcoin when the price dips, you can use it before tapping from your emergency funds when a real life emergency plays out.

Float is the money set aside to take care of unexpected necessary expenses before you get your next income.

[Tonimez]

You're actually not correct. You're backup funds is the same as your Emergency funds. It is just a commonly used term to refer as an Emergency funds, the both terms sound differently but they literally means the same thing.

Emergency funds is among on of the backup funds. We have three backup funds which are emergency funds, reserve funds and float.

Emergency funds is the backup funds to your bitcoin investment due to an unforeseen circumstances that can play out in the future during your bitcoin accumulation journey. It should be of at least three months of your monthly expenses and shouldn't be tampared with until there's a real life emergency.

Reserve funds is more flexible than emergency funds because it can serve for many purposes for example, buy bitcoin when the price dips, you can use it before tapping from your emergency funds when a real life emergency plays out.

Float is the money set aside to take care of unexpected necessary expenses before you get your next income.

The context of float money you use here doesn't seem to be very correct in its meaning though it may be my misconception. Why not use the term backup" funds instead of float. Backup funds are meant to be used to augment for the excesses that my arise due to inflation or policies before your next income day. Juxtaposing it too with Reserved funds, they may appear related too but I think reserved funds are more inclined to possible aggressive buys in this context of bitcoin. This is because when you invest by DCA, some investors tend to be strategic while waiting for opportunities to buy aggressively at dips. That's why we make provision for reserve funds while backup funds are for other expenses, not  to invest in bitcoin at any time.

Backup funds cushion your bitcoin from inflation and also sorts out mini needs before your next payday. Unlike back up funds, emergency funds are strictly set aside for life threatening situations or extreme unexpected occurrences. This allows you to ward off the effects of accidents, health challenges or natural disasters. This is why you are advised to create emergency funds simultaneously with your bitcoin accumulation.

Again, I guess you meant to say '3 months income' not expenses. However, you don't necessarily need to wait until you have accumulated up to 3 months income before you can start investing in bitcoin. All you need is to be dedicated to gathering up your emergency funds continuously and not attempting to play smart. Some people think they want to play smart by trying to spend all or part of their emergency funds hoping that no emergency situation would arise until they have accumulated another emergency funds. This is outright carelessness or act of indiscipline because no one knows when emergency situation will arise.

[sotelorene]

Backup fund is more of a generalized term that includes other funds such as emergency fund, reserved and others so you shouldn't be trying to separate them out to look like very different forms of fund, it's true that @Lembo69 should have been more specific on which backup fund he meant rather than use the general term but he still wasn't entirely wrong with what he said, so when we have an emergency fund ready it means we already have a form or backup fund ready but we can claim to have backup fund without necessarily have an emergency fund ready.

I disagree with you when you said that backup funds is more of a generalized term, just as the names implies backup, emergency even without anyone explaining this to you it is very obvious that this both funds does not sound the same emergency funds is supposed to serve for our financial safety and for other unforseen circumstances (accident) while backup funds is supposed to serve for our Bitcoin investment for example when a guy is attempting to increase his level of aggressiveness and it happens that he don't have enough discretionary income to buy as aggressive as he want he can quickly dip his hands in his backup funds to add up to enable him stack as much as he like.

However if an investor does not have enough cash flow or maybe his monthly income is not enough to build this two funds together he can only build up one of this fund in a way that it will be enough to serve for two purpose.

I think what you are trying to explain is reserved fund and not backup fund since reserve fund is what's used to sometimes buy bitcoin especially during dips when an investor wants to increase his holdings by buying bitcoin at a cheaper rate and yes reserve fund is a form of backup fund but so is emergency fund as well they are both part of the same system but serving slightly different functions although depending on availability one can serve the purpose of the other.
You are entitled to your opinion on the matter as I am entitled to mine and this is my opinion on the matter.

I disagree with you, reserve funds should not be used to buy Bitcoin whether Dip or not rather the funds that should be used to purchase Bitcoin is discretionary income so using reserve funds to purchase Bitcoin I think it is wrong  that is why our discretionary income should be given the top most priority by growing it so Incase there is Dip, you can take advantage. Whether availability or not no funds should be used for another because discretionary income can not be used to solve emergency problem.

[Sim_card]

I disagree with you, reserve funds should not be used to buy Bitcoin whether Dip or not rather the funds that should be used to purchase Bitcoin is discretionary income so using reserve funds to purchase Bitcoin I think it is wrong.

One of the main purpose of setting up a reserve funds is for you to be prepared to buy more bitcoin when there's a dip as you keep on DCA ongoing. Your reserve funds is flexible compared to your emergency funds which shouldn't be touched until there's a real life emergency.

Yes, your discretionary income is what you are using to accumulate bitcoin and keep you DCA ongoing with consistent and persistent. When there's a dip, your DCA will only be able to buy what it can afford but with your reserve funds, after buying the quantity that you discretionary income can afford at that moment, you can use your reserve funds to buy extra in order to increase your bitcoin portfolio.

What of a situation whereby, there's a dip that you don't have your discretionary income at that moment i.e you have received your income, you will be happy and gladly use your reserve funds to but at the dip.

[arwin100]

I think what you are trying to explain is reserved fund and not backup fund since reserve fund is what's used to sometimes buy bitcoin especially during dips when an investor wants to increase his holdings by buying bitcoin at a cheaper rate and yes reserve fund is a form of backup fund but so is emergency fund as well they are both part of the same system but serving slightly different functions although depending on availability one can serve the purpose of the other.
You are entitled to your opinion on the matter as I am entitled to mine and this is my opinion on the matter.

I disagree with you, reserve funds should not be used to buy Bitcoin whether Dip or not rather the funds that should be used to purchase Bitcoin is discretionary income so using reserve funds to purchase Bitcoin I think it is wrong  that is why our discretionary income should be given the top most priority by growing it so Incase there is Dip, you can take advantage. Whether availability or not no funds should be used for another because discretionary income can not be used to solve emergency problem.

Why not? you can use your reserve funds to invest on Bitcoin as long as it aligns with your purpose of your reserve funds and financial goals.

But if your reserve funds is aligned with other used like other important matter outside of your Bitcoin investment then you should not used it and stick unto your discretionary income to avoid any conflicts that can possibly ruin your investment.

You just need to know your targets so that you will not get confuse about usage of your funds, that's why its important to have proper financial planning so that you will have an idea on how to make everything works smoothly without facing any potential issues.

[YUriy1991]

I disagree with you, reserve funds should not be used to buy Bitcoin whether Dip or not rather the funds that should be used to purchase Bitcoin is discretionary income so using reserve funds to purchase Bitcoin I think it is wrong.

One of the main purpose of setting up a reserve funds is for you to be prepared to buy more bitcoin when there's a dip as you keep on DCA ongoing. Your reserve funds is flexible compared to your emergency funds which shouldn't be touched until there's a real life emergency.

Yes, your discretionary income is what you are using to accumulate bitcoin and keep you DCA ongoing with consistent and persistent. When there's a dip, your DCA will only be able to buy what it can afford but with your reserve funds, after buying the quantity that you discretionary income can afford at that moment, you can use your reserve funds to buy extra in order to increase your bitcoin portfolio.

What of a situation whereby, there's a dip that you don't have your discretionary income at that moment i.e you have received your income, you will be happy and gladly use your reserve funds to but at the dip.

In my opinion, using primary funds to buy Bitcoin is very risky considering the current unstable market movement. The best option for buying Bitcoin is to provide reserve funds for our basic needs for the next few months first. Because if our primary needs have been met for the next few months, we will no longer worry when the Bitcoin price drops. This strategy will save our money by avoiding selling in a panic. When the Bitcoin price drops, our savings can still be used for basic needs for the next few months. Many traders use their basic needs money to buy Bitcoin but panic when Bitcoin drops. This is what causes some new investors to experience losses and even bankruptcy.

[Emjay24]

You're actually not correct. You're backup funds is the same as your Emergency funds. It is just a commonly used term to refer as an Emergency funds, the both terms sound differently but they literally means the same thing.

Emergency funds is among on of the backup funds. We have three backup funds which are emergency funds, reserve funds and float.

Emergency funds is the backup funds to your bitcoin investment due to an unforeseen circumstances that can play out in the future during your bitcoin accumulation journey. It should be of at least three months of your monthly expenses and shouldn't be tampared with until there's a real life emergency.

Reserve funds is more flexible than emergency funds because it can serve for many purposes for example, buy bitcoin when the price dips, you can use it before tapping from your emergency funds when a real life emergency plays out.

Float is the money set aside to take care of unexpected necessary expenses before you get your next income.

The context of float money you use here doesn't seem to be very correct in its meaning though it may be my misconception. Why not use the term backup" funds instead of float. Backup funds are meant to be used to augment for the excesses that my arise due to inflation or policies before your next income day. Juxtaposing it too with Reserved funds, they may appear related too but I think reserved funds are more inclined to possible aggressive buys in this context of bitcoin. This is because when you invest by DCA, some investors tend to be strategic while waiting for opportunities to buy aggressively at dips. That's why we make provision for reserve funds while backup funds are for other expenses, not  to invest in bitcoin at any time.

Backup funds cushion your bitcoin from inflation and also sorts out mini needs before your next payday. Unlike back up funds, emergency funds are strictly set aside for life threatening situations or extreme unexpected occurrences. This allows you to ward off the effects of accidents, health challenges or natural disasters. This is why you are advised to create emergency funds simultaneously with your bitcoin accumulation.

There all backup funds, why because they're your fallback plan in case of some certain occurrence or set aside for some specific reasons. Your float are funds set aside for oversight on your expenses and some little responsibilities that springs up and needs to be settled immediately, more like funds kept aside for miscellaneous expenses.

Again, I guess you meant to say '3 months income' not expenses. However, you don't necessarily need to wait until you have accumulated up to 3 months income before you can start investing in bitcoin. All you need is to be dedicated to gathering up your emergency funds continuously and not attempting to play smart. Some people think they want to play smart by trying to spend all or part of their emergency funds hoping that no emergency situation would arise until they have accumulated another emergency funds. This is outright carelessness or act of indiscipline because no one knows when emergency situation will arise.

You're getting your points wrong. Emergency funds are built alongside your Bitcoin accumulation and you'll build it out until it could take care of at least three months of your expenses, not that you'll build it for the months, neither does it mean you'll have to wait for three months building it out before you kickoff your buying Bitcoin.

 It may take more than a year to build your emergency fund up to the worth of your 3 months expenses. Every investor should be able to estimate their monthly expenses and your emergency fund should be equal to at least. 3X your monthly expenses estimate before you may choose to stop building it and use the funds to increase your aggressiveness in buying Bitcoin.

[Gallar]

Backup fund is more of a generalized term that includes other funds such as emergency fund, reserved and others so you shouldn't be trying to separate them out to look like very different forms of fund, it's true that @Lembo69 should have been more specific on which backup fund he meant rather than use the general term but he still wasn't entirely wrong with what he said, so when we have an emergency fund ready it means we already have a form or backup fund ready but we can claim to have backup fund without necessarily have an emergency fund ready.

I disagree with you when you said that backup funds is more of a generalized term, just as the names implies backup, emergency even without anyone explaining this to you it is very obvious that this both funds does not sound the same emergency funds is supposed to serve for our financial safety and for other unforseen circumstances (accident) while backup funds is supposed to serve for our Bitcoin investment for example when a guy is attempting to increase his level of aggressiveness and it happens that he don't have enough discretionary income to buy as aggressive as he want he can quickly dip his hands in his backup funds to add up to enable him stack as much as he like.

However if an investor does not have enough cash flow or maybe his monthly income is not enough to build this two funds together he can only build up one of this fund in a way that it will be enough to serve for two purpose.

Yes, emergency funds and reserve funds are very different, especially in terms of their use. As far as I know, emergency funds are intended for truly urgent needs, such as accidents, getting fired from work, and other urgent needs. On the other hand, a reserve fund is intended to cover planned expenses, such as home renovations, vehicle repairs, or vacation costs. So, in essence, a reserve fund is flexible, and I consider it to be a bit risky. So, if, for example, a reserve fund is used to invest in Bitcoin, it might be possible, but the condition is that the reserve fund must already be available when it is to be used. So, even though reserve funds can be used to invest in Bitcoin, I personally would not choose that option because, even though it's a small amount, it makes me feel uncomfortable when holding Bitcoin. That's why I personally only choose discretionary funds to invest in Bitcoin because it feels much more comfortable. However, everyone may have different understandings of this matter, but the main point here is that emergency funds and reserve funds indeed serve different functions.

[Solokan]

Emergency fund does not seem very necessary to many people in the first place, so they ignore it, but later when they face problems, they are forced to sell their holdings, that too at a loss, and at that time they understand the importance of emergency fund. But this understanding should be done first, after starting investment, create an emergency fund, do not ignore it, because this is the charm of protection, the main advantage of having an emergency fund is that you do not have to touch the investment if any problem suddenly arises. It keeps the investment safe and does not allow the long-term plan to derail.

For some people, it is true that many ignore emergency funds because they may not yet know that emergency funds are important. And yes, it is true that sometimes after experiencing problems that ultimately force them to sell their BTC, even though they suffer losses because the price of BTC has fallen, for example, they realize that emergency funds are very important. Emergency funds do have many benefits, as I have often seen people who invest in BTC but do not have emergency funds, and as a result, they end up losing money instead of making a profit because they sell their BTC when the price is falling.

However, when investing in BTC for the long term, patience is definitely required because if we are not patient, we may not get much profit from investing in BTC.

[ruykeri]

In my opinion, using primary funds to buy Bitcoin is very risky considering the current unstable market movement. The best option for buying Bitcoin is to provide reserve funds for our basic needs for the next few months first. Because if our primary needs have been met for the next few months, we will no longer worry when the Bitcoin price drops. This strategy will save our money by avoiding selling in a panic. When the Bitcoin price drops, our savings can still be used for basic needs for the next few months. Many traders use their basic needs money to buy Bitcoin but panic when Bitcoin drops. This is what causes some new investors to experience losses and even bankruptcy.

Your intention is positive, but it is better to be cautious when investing in Bitcoin, but there is no need to miss the opportunity for extra caution. It is right that Bitcoin should never be bought with your own money. It will take a lot of time to build an emergency fund of 3 to 6 months. If you stop buying Bitcoin for so long, you will remain without a coin for a long time. If you earn $1000 per month and your discretionary income is $300, you will still make $100 DCA and create a backup fund of the remaining $100. In that case, you will continue to invest in Bitcoin and create a backup fund. If you accumulate Bitcoin slowly  regularly, you do not feel any economical pressure, so you can invest for a long time. Therefore, you must maintain a balance in investment and fund management. First, you have to meet your living expenses, then you have to accumulate Bitcoin and build a backup fund. This way, you can remain mentally calm.

[Yablee0]

Emergency fund does not seem very necessary to many people in the first place, so they ignore it, but later when they face problems, they are forced to sell their holdings, that too at a loss, and at that time they understand the importance of emergency fund. But this understanding should be done first, after starting investment, create an emergency fund, do not ignore it, because this is the charm of protection, the main advantage of having an emergency fund is that you do not have to touch the investment if any problem suddenly arises. It keeps the investment safe and does not allow the long-term plan to derail.

Yes, having emergency funds is very important, especially when we invest in bitcoin. In fact, in my personal opinion, even if we don't invest, emergency funds are still very necessary to have. Because basically, we don't know what our future will be like. That's why emergency funds are very important. Additionally, if someone doesn't have an emergency fund and isn't in the habit of having one, I think that pattern needs to be changed, especially when it comes to bitcoin investment. As we know, bitcoin investment is a long-term endeavor. So, to be able to hold on to it for the long term, we definitely need an emergency fund that we can use whenever an emergency actually strikes. Additionally, don't forget that when investing in Bitcoin, we must use discretionary funds, and this is absolutely essential. Because if we invest in Bitcoin without using discretionary funds, it will be much riskier, especially for people like us.

Yes that's true,  I totally aggry with you, emergency funds in every investment is very essential because it serves as a pillar to your investment plan. Furthermore, who ever thinking of embarking on an investment journey thinking  he will be successful without a solid root of emergency funds should better be warned because his investment will be like a five storey building without a solid foundation that is on a higher chances of collapsing at any given point.

Truth be told, check in history of many successful investors over the years, none was able to succeed without lying down solid emergency funds to backup their un foreseen challenges that would have make their investments journey a nightmare.

[taibodi]

Backup fund is more of a generalized term that includes other funds such as emergency fund, reserved and others so you shouldn't be trying to separate them out to look like very different forms of fund, it's true that @Lembo69 should have been more specific on which backup fund he meant rather than use the general term but he still wasn't entirely wrong with what he said, so when we have an emergency fund ready it means we already have a form or backup fund ready but we can claim to have backup fund without necessarily have an emergency fund ready.

I disagree with you when you said that backup funds is more of a generalized term, just as the names implies backup, emergency even without anyone explaining this to you it is very obvious that this both funds does not sound the same emergency funds is supposed to serve for our financial safety and for other unforseen circumstances (accident) while backup funds is supposed to serve for our Bitcoin investment for example when a guy is attempting to increase his level of aggressiveness and it happens that he don't have enough discretionary income to buy as aggressive as he want he can quickly dip his hands in his backup funds to add up to enable him stack as much as he like.

However if an investor does not have enough cash flow or maybe his monthly income is not enough to build this two funds together he can only build up one of this fund in a way that it will be enough to serve for two purpose.

I think what you are trying to explain is reserved fund and not backup fund since reserve fund is what's used to sometimes buy bitcoin especially during dips when an investor wants to increase his holdings by buying bitcoin at a cheaper rate and yes reserve fund is a form of backup fund but so is emergency fund as well they are both part of the same system but serving slightly different functions although depending on availability one can serve the purpose of the other.
You are entitled to your opinion on the matter as I am entitled to mine and this is my opinion on the matter.

It all depends on the person to utilize it, there is nothing wrong with using emergency funds and also reserve funds even to invest in Bitcoin aggressively when the market price drops sharply, there are some people who also use emergency funds but it all comes back to the availability of funds, sometimes there are people who get a monthly salary and immediately divide their finances every month, for needs, for investment and also for emergency funds so I think that each person will use these funds according to their wishes and for all of us here it will definitely be different.

Yes, I also think that how to use all types of funds is a personal matter. Every person in the world has his own way of thinking. Every person's thinking is different. Emergency fund, reserve fund or other funds, the use of all types of funds depends on the amount of his financial income. People invest in different policies. So the income of each person is not equal. But our goal is the same. That is to buy Bitcoin continuously for a long time. And hold it for a long time.\\

[JayJuanGee]

I think it's the same, as it's useful for dealing with unexpected events.
And while an emergency fund is quite important, it should even be there before we invest but I never overthink it because we don't need a large amount, just a small portion of our income before we cover all our needs and then invest the rest.
For me, an emergency fund is important because if an urgent need arises, we don't plan to derail our investments.

You're quite right, we ought to have a emergency funds that will protect our bitcoin investments against any unforseen circumstances that threatens our Bitcoin investment. However, not having a Emergency funds shouldn't be an impediment as to why your Bitcoin investment should be delayed. Your emergency funds can be created later,it isn't a must that you should have it before starting a Bitcoin investment.You can begin accumulating Bitcoin and plan for your Emergency funds later.

You are saying this in a misleading way.

Everyone needs some back up funds, yet they do not need to build up their back up funds to high levels before starting to invest in bitcoin, yet if they start investing in bitcoin and they have no back up funds, then they are engaging in bad practices that involve gambling with their bitcoin.

Sure in the very beginning the size of their back up funds might not need to be a lot, since they may well build their bitcoin and their emergency funds at about the same pace, and I don't even have a problem building the bitcoin faster than the emergency funds, even though there is some risk in that, yet I do have a problem with the idea that your bitcoin investment can be safe if you have no back up funds... whether you are paid daily, weekly monthly or some other frequency, when you have a bitcoin investment, there is a need to protect it so that you do not tap into it (even if it is profitable), so you have to have some funds to fall upon if you have some extra expenses and/or some loss of income.

It is correct to say that we do not want to delay starting our bitcoin investment based on our not having back up funds, yet if we have absolutely no extra money, then it is questionable if we even have discretionary income, since our investment in bitcoin comes from discretionary income, not from money we need for expenses... so if we are coming to wrong calculations about whether we have discretionary income, we are being too rash and sloppy in our approach to bitcoin investing.

[NewRevelation]

I wouldn't agree that if anyone is buying Bitcoin for short term to get profit in short term is anything linked to gambling ? This is not gambling at all but in fact that there are three types of traders that includes the short term traders, the midterm trade and the long term holders.

let me put it this Way, engaging yourself into short term investment does not make you an investor but you're obviously a trader. I feel that the reason why folks who invest for short term profit is more likely to be considered as gambling is due to the high level of risk that is involved in short term investment, if you are deep into short term investment you hardly escape the dip because there is a lot of pressure that you will be facing during that stage that May likely push you into selling your Bitcoin at a bigger Lost so to avoid this emotional trauma you only need to focus on the long term goal, as a newbie it is going to be a bad thing if your first entry is just to incur loss.

One of the major problems traders or short time investors face  is the fact that they can always loose alot because they don't Hodl for long. Sometimes, it may seen to them that they have made some gains by selling off some or all of their assets now, but that same amount of assets sold out now can become 5-10× gains yeild in the next 2,2,4-5 years time only if they were able to Hodl. In this case, even though they smiled that they have made gains now, but ironically, they have lost greatly because they would have made more gains as exemplified above if they held there assets and the price of Bitcoin rises.

Another kind of loss that short time investors or traders suffer is that, sometimes, they don't even have the grace of making little gains form there Holdings at all, sometimes, they just buy and waiting for a little top so that they can sell, but the opposite happens, suddenly, the market price Dips, and while they are still thinking wether or not to sell or Hodl, the price Dips the more, and out of fear of loosing everything entirely, both there entry amount, they hurriedly sell at a more Lower price just to at least not loss everything. At this point, they have lost both sides and woefully.

Sincerely, trading is not available at all, as long term investment plan is the real deal in Bitcoin. Traders look only at immediate value, forgetting that with Bitcoin in your possession, your future is secured and solidified. Think long term, buy consistently and Hodl